Page 15 - 2018 Sulzer (Chemtech Mixpac) Benefit Guide
P. 15
Sulzer
Life and Disability As a newly eligible employee,
you can elect coverage up to the
Life and AD&D Insurance guaranteed issue amounts without
We know inancial security and planning is a top priority for you. This is submitting evidence of insurability
(EOI). Regardless of whether you
why we offer life insurance beneits to help inancially protect you and elect coverage when initially eligible,
your family if your income were suddenly lost. You can also purchase each year during beneits enrollment
additional term life and AD&D insurance for yourself, your spouse, and you may increase your coverage by
dependent children. $10,000 to a maximum of $40,000,
up to the $350,000 guaranteed issue
amount. If you have coverage for
Life Insurance At-a-Glance* your yourself, each year at annual
Cigna
Employee Life Insurance enrollment you may increase your
Basic 2× base salary spouse’s coverage by $5,000 to a
Maximum $350,000 maximum of $20,000, up to the
Voluntary $10,000 increments up 5 times annual earnings to a $50,000 guaranteed issue level.
maximum of $1,000,000; you can elect up to the guaranteed
issue amount of $350,000 without completing EOI (evidence
of insurability)
Living Beneit
If you become terminally ill while covered, you can claim up to 75% of the combined
value of your basic and voluntary life coverage up to $750,000 while you are still
living
Dependent Life Insurance
Spouse $5,000 increments to a maximum of 50% of the amount of
coverage you elect for yourself to a maximum of $250,000;
you can elect up to the guaranteed issue amount of $50,000
without completing medical underwriting
Child Birth to 6 months: lat $1,000
6 months to age 26: $5,000, $10,000, or $15,000 per child,
all guaranteed issue
AD&D Insurance At-a-Glance*
Cigna
Eligibility Active full-time employee working at least 30 hours per
week
AD&D Insurance—All Guaranteed Coverage
Basic Employees receive 2× base salary up to a maximum of
$350,000
Voluntary $10,000 increments to a maximum of 10 times your
earnings to a maximum of $1,000,000
Dependent Voluntary AD&D
Spouse Only 60% of employee beneit
Spouse and Dependents 50% for spouse and 15% for dependents of employee
beneit
Dependent Only 20% of employee amount
Note: age restrictions may apply. Please contact Human Resources for additional details
regarding the beneits.
* You must be considered actively at work on your effective date for coverage to be effective.
15
Life and Disability As a newly eligible employee,
you can elect coverage up to the
Life and AD&D Insurance guaranteed issue amounts without
We know inancial security and planning is a top priority for you. This is submitting evidence of insurability
(EOI). Regardless of whether you
why we offer life insurance beneits to help inancially protect you and elect coverage when initially eligible,
your family if your income were suddenly lost. You can also purchase each year during beneits enrollment
additional term life and AD&D insurance for yourself, your spouse, and you may increase your coverage by
dependent children. $10,000 to a maximum of $40,000,
up to the $350,000 guaranteed issue
amount. If you have coverage for
Life Insurance At-a-Glance* your yourself, each year at annual
Cigna
Employee Life Insurance enrollment you may increase your
Basic 2× base salary spouse’s coverage by $5,000 to a
Maximum $350,000 maximum of $20,000, up to the
Voluntary $10,000 increments up 5 times annual earnings to a $50,000 guaranteed issue level.
maximum of $1,000,000; you can elect up to the guaranteed
issue amount of $350,000 without completing EOI (evidence
of insurability)
Living Beneit
If you become terminally ill while covered, you can claim up to 75% of the combined
value of your basic and voluntary life coverage up to $750,000 while you are still
living
Dependent Life Insurance
Spouse $5,000 increments to a maximum of 50% of the amount of
coverage you elect for yourself to a maximum of $250,000;
you can elect up to the guaranteed issue amount of $50,000
without completing medical underwriting
Child Birth to 6 months: lat $1,000
6 months to age 26: $5,000, $10,000, or $15,000 per child,
all guaranteed issue
AD&D Insurance At-a-Glance*
Cigna
Eligibility Active full-time employee working at least 30 hours per
week
AD&D Insurance—All Guaranteed Coverage
Basic Employees receive 2× base salary up to a maximum of
$350,000
Voluntary $10,000 increments to a maximum of 10 times your
earnings to a maximum of $1,000,000
Dependent Voluntary AD&D
Spouse Only 60% of employee beneit
Spouse and Dependents 50% for spouse and 15% for dependents of employee
beneit
Dependent Only 20% of employee amount
Note: age restrictions may apply. Please contact Human Resources for additional details
regarding the beneits.
* You must be considered actively at work on your effective date for coverage to be effective.
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